Al Sagr Cooperative Insurance Co. expects higher motor insurance gross written premiums (GWPs), due to the General Traffic Department’s declaration regarding the compulsory vehicle insurance, according to a bourse statement on Thursday.

 

The announcement follows the traffic department’s announcement of the completion of the automated linking of vehicle insurance procedures with the National Information Center.

 

The automatic issuance of traffic violations resumes from July 22, 2020.

 

It is currently difficult to assess the relevant financial impact, the insurer said, adding that any developments will be announced in due course.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,882.65
(142.40) (1.18 %)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,850.0011,900.0011,950.0012,000.0012,050.00
Close : 11882.65 | Apr 3, 15:20
More

Quotes

ALSAGR INSURANCE
15.06
(0.42) (2.71%)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0014.8015.0015.2015.4015.60
Close : 15.06 | Apr 3, 15:00
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website